All Forum Posts by: Amy Everett

Hi! I need help! We hold a great rental property in a self-directed IRA. We split personal ownership with the trust at 50/50. So our tenants always write two checks. One goes to our bank (via Zelle usually), and one to to the IRA custodian. We split expenses 50/50 also. Two payments is probably a pain for the tenants, but it is no big deal for us.

My question is...we want to turn this property into a vacation rental. Has anyone done this with a similar situation? I don't know how the payments will post from airbnb to the trust...can they make two different payments? Also...expenses (like cleaning and such) has to be split 50/50 also. Help, please!

what space is it needed for?

That must be super stressful! I am not sure where Port Richey is, but if you are close to any college or university or technical school, be sure to advertise on their Facebook housing page. Most sane people are a little cautious about sharing space with some stranger, but students on a budget are a little more trusting and a little more desperate. Also...are the bedrooms furnished? I know for students seeking housing for internships, it will need to be furnished. Okay, just my thoughts. Good luck to you!

We also charge a non-refundable pet fee of $250 and pet rent of $25/pet. In the Dallas/FW market it is a very common practice to charge both. Nobody has ever questioned me on it.